International law firm Freshfields Bruckhaus Deringer LLP has advised Dubai-based Lamprell plc, a leading provider of specialist engineering services to the international oil and gas industry, on its admission to the London Stock Exchange’s main market for listed securities (“the Main Market”). Freshfields previously advised Lamprell on its admission to London’s AIM market in October 2006, the first London IPO by a company based in the United Arab Emirates.
It is expected that Lamprell’s admission to the Main Market will become effective and that dealings on the Main Market will commence at 8.00am on Thursday 6 November 2008; trading in the Company’s ordinary shares on AIM will be cancelled simultaneously.
Freshfields’ London team was led by corporate partner Tim Jones with associates Richard Thexton and Peter Mason, along with the Dubai team led by corporate partner Bruce Embley and associate Mohammad Tbaishat.
Speaking about the transaction, Bruce Embley said: “We are very pleased to have advised Lamprell on its step-up from AIM to the main market. One of the interesting aspects of this project was ensuring the client met its legal responsibilities in both the UK and the UAE, and to this end we were able to draw on the extensive expertise of our capital markets teams in the Middle East, which continues to carry out ground-breaking work in the MENA region.”